By the way, I think it is correct and fair and accurate to criticize the performance of the CEO and his BOD over the last 1,3,5,10 years.
They might all be wonderful people, great parents, fine colleagues, community members, etc. Criticism here for their performance (as it relates to VTSI) and decisions as CEO and BOD member says nothing about the rest of their lives.
The #1 deliverable of every CEO and BOD member is to make money for the owners of the company. And of course there are other tasks and deliverables but they all point toward this objective. With respect to VTSI (and relative to inflation, time value of money, and frozen dollars), over the last 1,3,5,10 years they have FAILED. That is a simple fact. It also does not mean that over the forward 1,3,5 years it will not be a great success....but it should make one wonder.
Worse yet, current BOD members own so few shares as to be laughable. And worse than that, they have put forth ZERO EFFORT to represent shareholders. That needs to change. Simple obvious statement.
Saltz - First time I met him was in a shareholder meeting several years ago. He was neither personable nor likable in that setting. He did not seek out attendees to chat. He did not answer questions, he was aloof. It is also rather clear that his main efforts with respect to VirTra cost the company market cap, money, and hurt future sales. That being Modern Round, that being refusal to buy shares, that being being invisible. In hindsight MR was a silly worthless endeavor. And yes, early on I liked the idea but guess what, I too was wrong about it. Hindsight is 20/20 and Monday am quarterbacking is easy....but both are necessary.
